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Show Notes

Summary of the day

If I sound exhausted, I was. Looooong day fighting this monsoon in NYC. See photos below.

* The markets gapped up and then puked. This was despite the Magnificent 7 trying to hold up the markets once again!

* The United Auto Workers union will expand strikes against General Motors and Ford Motor

* Government shutdown looms over the weekend

* 10 Yr yield still high at 4.57%

* Crude oil backing off from a high of $93 this week

* Monsoon like rains wreaked misery in NYC (I was one of them impacted). Roads flooded, Flights cancelled.

Breadth

* 69 new highs

* 263 new lows

* 41% advancing 52% declining

* 79% below 50 day ma

Stuck out

* Strong open

* Limped into close

* Magnificent 7 green for the day except GOOG and META

Strong

yields, oil, & energy still very elevated

Weak

Small caps lead to the downside today

What to watch

Watch mag 7

Watch yields

Economic data

https://www.marketwatch.com/economy-politics/calendar

Financial Freedom is not free, but the pursuit is worth the treasure.

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Podcast EP 60 No Bounce for You! (Sep 29) 16:06 Share

Not Your Advisor

Shownotes Transcript

Podcast EP 60 No Bounce for You! (Sep 29)